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Banco Mujer Visión Group
In this Group: Esmeralda, Judith , Ana, Herminia, Susana , Maria, Elieth, Ivannia, Rosalia
Esmeralda is the president of “Banco Mujer Visión”, a group that consists of nine indigenous women from the districts of Talamanca. These women engage in trade and agriculture.


Doña Esmeralda is a single mother and the head of her household. She has two young children. This hardworking woman is a traveling merchant who sells clothing, perfumes, cosmetics, and other products through catalogs. The income she generates from this business enables her to cover all of her family expenses, reinvest, and repay her loan. She has received three previous loans, which were a great help to her and her children.


This new investment will be used to buy merchandise such as sandals, clothing, and other products for which she has orders. Her most important goal is to provide a better quality of life for her little ones, but she also wants to increase her sales by expanding into other communities nearby.

View original language description ↓
Esmeralda es la presidenta de Banco Mujer Visión, un grupo de mujeres indígenas de la zonas de Talamanca, compuesto por 9 socias que se dedican al comercio y la agricultura. Doña Esmeralda es madre soltera y jefa de hogar, tiene 2 hijos menores de edad. Está mujer tan trabajadora es comerciante de forma ambulante, vende ropa, perfumes, cosméticos y productos de catálogos, y los ingresos generados por ese negocio son los que le permiten cubrir todos los gastos familiares, reinvertir y pagar el préstamo. Ella ha recibido 3 préstamos anteriormente y han sido de mucha ayuda para ella y sus hijos. Esta nueva inversión será para mercadería como sandalias ropa y otros productos que tiene encargados. Su meta más importante es darle una mejor calidad de vida a sus pequeños, así como incrementar sus ventas extendiéndose a otras comunidades cercanas.

Additional Information

More information about this loan

In Costa Rica, funding for microfinance institutions is hard to come by, and many institutions find themselves having difficulty growing and reaching all the demand for loans that exist. Kiva works with Fundacion Mujer because it attends a very marginalized population in Costa Rica, with a specific focus on women. In addition to the loan, Fundacion Mujer provides specialized training programs for their borrowers on everything from computer classes to salon training. Because of the difficulty in obtaining capital in Costa Rica, Fundacion Mujer cannot serve all the women that need loans. Therefore Kiva plays a unique role in helping Fundacion Mujer grow its portfolio and reach borrowers it otherwise would not be able to.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Costa Rica

  • $11,100
    Average annual income
  • 0
    View loans »
    Costa Rica Loans Fundraising
  • $4,022,575
    Funds lent in using Kiva
  • 503.5
    Costa Rica Colones (CRC) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A portion of Banco Mujer Visión Group's $6,275 loan helped a member to buy clothing, sandals, perfumes, cosmetics, and other items.
99% repaid
Repayment Term
20 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 6, 2013
Listed
Aug 9, 2013
Currency Exchange Loss:
Possible
Ended:
Mar 26, 2015